The mentioned change may also

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This article provides detailed information regarding the new legislative change. Note: This article presents the author's personal opinions and does not constitute a consultation. The author personally assesses the proposed changes negatively, because in addition to preventing tax evasion and reducing the number of disputed "cases", as a result of such changes, those bona fide taxpayers operating in the construction sector who met all the prerequisites set for "small entrepreneurs" and did not use this benefit for tax evasion will no longer be able to benefit from the tax benefit.


(at least to a small extent) lead to an increase in the price of real estate in Georgia. Tax legislation on taxation of small entrepreneurs (1% tax) Georgian tax legislation offers a preferential 1% income tax rate to dubai fax data those entrepreneurial individuals with small business status who hold the relevant certificate and carry out activities permitted for small businesses.


The following legislative norms regulate the taxation of small entrepreneurs: Tax Code of Georgia (Articles: 88-95); Instruction of the Minister of Finance of Georgia #999 “ On the Application of Special Income Tax Regimes” ; Resolution of the Government of Georgia #415 “On Special Taxation Regimes”; It is also important to draw attention to the fact that a questionnaire has been published on the website of the Revenue Service, which determines whether the activity of a small entrepreneur, depending on its content, constitutes work for hire (20% tax) or the provision of services (1% tax).